Short Answer
Complete the following ratios:
Current assets = $13,000 Inventory = $4,400 Current liabilities = $10,000 Net income = $7,700 Net sales = $24,400
A. Profit margin on sales (round to nearest tenth percent)
B. Acid test (Round to nearest tenth percent.)
Correct Answer:
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A. $7,700 / $24,400 ...View Answer
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Correct Answer:
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